Pinterest files to go public: Booked $756 million last year and claims more than 250 million monthly users.
Pinterest released its IPO prospectus on Friday, joining a bevy of tech companies going public in 2019. The stock will trade under the ticker"PINS" on the New York Stock Exchange.
Global average revenue per user for 2018 was $3.14, representing a 25 percent increase compared to the previous year. In the U.S., 2018 ARPU was $9.04, marking a 47 percent increase compared to 2017. International ARPU was $0.25 in 2018, marking a 22 percent increase from the prior year. The company will offer two classes of stock. Class A shares will receive one vote per share, while Class B shares will receive 20 votes per share. Pinterest's filing did not list the breakdown of stock ownership among its executive officers and directors.
In its S-1 filing, Pinterest said one risk factor is that it could fail to penetrate new demographics. Currently, 80 percent of Pinterest's total audience in the U.S. is made up of women ages 18-64 with children, the company said, citing an independent study by Comscore.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mom booked for murder in case of 9-year-old Trinity Love Jones, found dead in duffel bagMom booked for murder in case of 9-year-old Trinity Love Jones, found dead in duffel bag.
Read more »
Mom booked for murder in case of 9-year-old Trinity Love Jones, found dead in duffel bagThe mother of 9-year-old Trinity Love Jones, whose body was found in a duffel bag in Los Angeles, was booked on Monday for her daughter's murder, authorities said. The case is being reviewed by the Los Angeles County District Attorney's Office and charges are expected to be filed on Wednesday
Read more »
Pinterest just dropped its filing to go public, revealing financials for the first timePinterest just released its IPO prospectus, joining a bevy of tech companies going public in 2019.
Read more »
Facebook employees had unfettered access to hundreds of millions of users' unencrypted passwords for yearsAnother day, another massive privacy scandal at Facebook — this time, around unencrypted passwords.
Read more »
Hot video meeting startup Zoom filed to go public, and it's profitableThe $1 billion video conferencing startup Zoom has publicly filed its S-1.
Read more »
Facebook left ‘hundreds of millions’ of users’ passwords stored in plain textFacebook said it had left “hundreds of millions” of users’ passwords exposed in plain text, potentially visible to the company’s employees, marking another major privacy and security headache for a tech giant already under fire.
Read more »
Facebook says it left 'hundreds of millions' of user passwords unencryptedFacebook said an internal security review found the passwords of hundreds of millions of users had been stored on company servers without encryption, but that no passwords were leaked and the company found no indication the data was improperly accessed.
Read more »